Digby owns 240 shares of Quantex with a market value of $5,940. Quantex has just announced a 3 for 2 stock split. Assuming the value of Digby's holdings stays the same until the split is recorded, what would the price of Quantex be on the day of record? $16.50 or $37.13
Digby owns 240 shares of Quantex with a market value of $5,940. Quantex has just announced a 3 for 2 stock split. Assuming the value of Digby's holdings stays the same until the split is recorded, what would the price of Quantex be on the day of record? $16.50 or $37.13
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Digby owns 240 shares of Quantex with a market value of $5,940. Quantex has just announced a 3 for 2 stock split. Assuming the value of Digby's holdings stays the same until the split is recorded, what would the price of Quantex be on the day of record?
$16.50 or $37.13
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